Wajax Co. (TSE:WJX – Free Report) – Equities researchers at Scotiabank reduced their FY2027 EPS estimates for shares of Wajax in a research report issued on Tuesday, July 7th. Scotiabank analyst J. Goldman now anticipates that the company will earn $3.60 per share for the year, down from their prior forecast of $3.76. Scotiabank currently has a “Sector Perform” rating and a $36.00 target price on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.
Wajax (TSE:WJX – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported C$0.65 earnings per share (EPS) for the quarter. The company had revenue of C$502.07 million during the quarter. Wajax had a net margin of 2.97% and a return on equity of 11.63%.
Check Out Our Latest Stock Analysis on WJX
Wajax Price Performance
Wajax stock opened at C$31.20 on Thursday. The business’s 50 day simple moving average is C$29.80 and its 200 day simple moving average is C$30.17. Wajax has a 12 month low of C$21.80 and a 12 month high of C$34.88. The company has a market cap of C$679.54 million, a price-to-earnings ratio of 11.18, a PEG ratio of 0.50 and a beta of 0.45. The company has a current ratio of 1.88, a quick ratio of 0.71 and a debt-to-equity ratio of 72.41.
Insider Activity at Wajax
In related news, Director Jane Craighead acquired 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of C$28.84 per share, with a total value of C$31,724.00. Following the acquisition, the director owned 11,900 shares of the company’s stock, valued at approximately C$343,196. This trade represents a 10.19% increase in their position. Also, Director Thomas Malcolm Alford bought 5,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was bought at an average price of C$29.15 per share, with a total value of C$145,750.00. Following the purchase, the director owned 5,000 shares in the company, valued at C$145,750. This trade represents a ∞ increase in their ownership of the stock. In the last three months, insiders have purchased 18,153 shares of company stock worth $535,312. 0.97% of the stock is owned by company insiders.
About Wajax
Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.
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